Silicon Valley Office Market Report Q1 2026
Kidder Mathews' Q1 2026 Silicon Valley office market report shows leasing volume of 2.1 million square feet (down 48.2% year-over-year), a vacancy rate holding at 16.5%, and asking rents averaging $4.16 per square foot, with activity concentrated among large strategic tenants rather than broad-based recovery. The market saw office investment sales of 615,000 square feet across 11 transactions at $546.1 million total dollar volume, while availability tightened to 16.6%, and Santa Clara County's unemployment rate was 4.0% in December 2025.
Published by Kidder Mathews. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Kidder Mathews
- Obtained from
- Kidder Mathews
- Published
- Mar 31, 2026
- Last updated
- Jun 28, 2026 (1 month ago)
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